28 May 2009 07:00
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
For immediate release
28 May 2009 | PRESS RELEASE | St. Petersburg |
The Board of Directors of OJSC LSR Group approved 29 June 2009 as the date of Annual General Meeting of Shareholders of the Company, and also approved the meeting agenda as follows:
AGENDA
Approval of the Company's annual report on the results of 2008.
Approval of the annual financial statements including income statements (profit and loss accounts) of the Company for 2008.
Distribution of the company's profits and losses based on the results of the 2008 financial year.
Determination of the number of members of the Board of Directors.
Election of members to the Board of Directors of the Company.
Election of members to the Revision Committee of the Company.
Approval of the Company's auditors for 2009.
Approval of the revised Charter of the Company.
Approval of the revised Regulations on General Meetings of Shareholders of the Company.
Approval of the revised Regulations on the Board of Directors of the Company.
Approval of the revised Regulations on the Sole Executive Body of the Company.
Approval of decisions on approving transactions in the cases provided for in Article 83 of the RF Federal Law on Joint Stock Companies.
In addition, the Board of Directors took the decision to recommend to the GSM not to declare dividends on the shares of the Company based on the results of the 2008 financial year.
Date of meeting: June 29, 2009
Time of meeting: 11:00 am
Place of meeting: 36 Kazanskaya Street, Suite 715, St. Petersburg
Start of registration of persons entitled to attend the General Shareholders' Meeting: 10:00 am
Date of preparing the list of persons entitled to attend the General Shareholders' Meeting: 05.06.2009.
Note to Editors:
OJSC LSR Group is a real estate and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are building materials, construction and real estate. The Group includes enterprises for extraction and processing of aggregates, production and transportation of building materials, and housing construction - from mass market large-panel housing to elite property built after designs made by leading domestic and foreign architects. LSR Group has operations and offices in a number of cities in the Leningrad region, in St. Petersburg, Moscow, Yekaterinburg, Lithuania, Latvia, Estonia, Ukraine and Germany. In 2007, the sales revenues of LSR Group (according to the IFRS-based financial statements) were RUB 35,858 million, in 2008 - RUB 49,813 million.
LSR Group is a public company, with its GDRs listed and traded on the London Stock Exchange and its shares listed and traded on MICEX and RTS.
In 2007, LSR Group was awarded 'The Company of the Year' National Award in the 'Construction' category.
For more details please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
E-mail: press@lsrgroup.ru
www.lsrgroup.ru
Legal disclaimer:
Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might" the negative of such terms or other similar expressions. The Company wishes to caution you that these statements are only predictions and that actual events or results may differ materially. The Company does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries the Company operates in, as well as many other risks specifically related to the Company and its operations.
Neither these materials nor any copy of it may be taken or transmitted into the United States, Australia, Canada or Japan. These materials do not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor. The offer and the distribution of these materials and other information in connection with the listing and offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
These materials are not an offer for sale of any securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933. The Company has not registered and does not intend to register any portion of any offering in the United States or to conduct a public offering of any securities in the United States.
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